215217 Roberts Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 2 bed, 2 bath
215217 Roberts Street
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 215217 Roberts Street, Santa Cruz, California 95060 reveals a Fairly Priced Property with a current list price of $995,000 aligned with the estimated $984,285 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Cruz Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215217 Roberts Street Subject | $995,000* List Price | 2 | 2 | 1,338 | $736 | - |
A 113 Fairbanks Sold | $800,000 | 2 | 1 | 1,112 | $719 | 0.3 mi |
B 232 Union Street Sold | $1,205,000 | 3 | 3 | 1,852 | $651 | 0.5 mi |
C 311 Ocean Street Active | $855,000 List Price | 2 | 1 | 1,148 | $745 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1898, the property has received recent essential upgrades including a new roof, exterior paint, and plumbing, which are positive for its structural integrity and exterior condition. However, the interior, specifically both kitchens and bathrooms, are significantly outdated with tile countertops, older appliances, basic fixtures, and dated flooring/tiling. While functional and clean, these areas require substantial cosmetic updates to meet current aesthetic standards. The carpets also appear older. The property is livable and maintained but shows clear signs of being aged and not having undergone major interior renovations in many years.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Flexibility
As a duplex with separate PG&E meters, the property offers strong investment potential for rental income or a flexible owner-occupied scenario.
- Prime Santa Cruz Location
Situated on a private cul-de-sac, it boasts excellent proximity to downtown Santa Cruz, the beach, river walk, Warriors Arena, and Boardwalk.
- Recent Capital Improvements
Key upgrades including a new roof, exterior paint, and plumbing reduce immediate maintenance concerns and add value.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1898, the property's age may present ongoing maintenance challenges and potential for unforeseen issues despite recent upgrades.
- Limited Unit Configuration
Consisting of two one-bedroom units, this configuration may limit the target tenant demographic or rental income potential compared to multi-bedroom units.
- Extended Market Time
The property has been on the market for an extended period (since February 2022), which could indicate challenges with pricing or underlying property issues.
About 215217 Roberts Street
Duplex on a private cul-de-sac in close proximity to downtown Santa Cruz, the beach, river walk, Warriors Arena and Boardwalk. Property features two one bedroom units, storage/workshop space, laundry facilities, 4 extra storage rooms, sunny cement patio, and separate PG&E meters. Recent upgrades include a new roof, exterior paint, and plumbing upgrades. Great for either an investment property or for owner occupied. This quiet location is close to all the great things Santa Cruz has to offer. Property is located in an opportunity zone.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1898
- Lot Size
- 2,831 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,338 | 1,489 | 40% |
| Lot Size | 2,831 | 7,100 | 14% |
| Price | $995.0K | $1.32M | 9% |
| Price per sq ft | $744 | $866 | 32% |
| Built year | 1898 | 1969 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 1485 | 172 | 0% |
Pricing History
Listed for Sale
Feb 11, 2022
$995,000
Initial Listing